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Boston a Hot Market for Hotel Investors

BOSTON-With more than 40% of surveyed investors eyeing purchases here, Jones Lang LaSalle's new report paints a positive picture of the Boston lodging marketplace.

By John Salustri | Updated on October 16, 2000

BOSTON-The local hotel market has been dubbed a key performer in Jones Lang LaSalle’s newly released Hotel Investor Sentiment Survey. “Investors prefer properties in Boston; New York; Los Angeles; San Francisco; and Washington, DC, which have high barriers to entry,” states JLL Hotels managing director Arthur Adler.

Performance, of course, was a prime criterion for the more than 800 investors surveyed for the report, and Boston was noted for its “strong occupancy and average daily rate performance expectations in the short and medium term,” says EVP Arthur Buser. Along with the other cities listed above, Boston demonstrated better-than “average yield growth, and is in an upturn position in the market cycle.”

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